To integrate these two products would make a lot more sense than the products existing separately. P2 has little public use at the present and BuddyPress doesn’t encourage participation outside of forums. The current generation of BuddyPress themes do not do the technology justice, either.
I firmly believe mingling the two extensions together will lead to a bigger and brighter future for the both.
The question is, now, how do we go about coding these two together? I’m willing to work on this, but I’d really like a volunteer to partner with me for when I get stumped.